ARW is Arowana's governance and platform utility token on Arbitrum, used for governance participation and related incentives. It is not the same as AGT, the physical-gold-backed digital asset described by the platform; holding ARW does not represent holding or redeeming AGT.

The ARW contract supports burning, meaning existing tokens can be permanently removed. Burning concerns tokens that have already been issued, while non-mintability limits whether new tokens beyond the predetermined total supply can be created; the two are not the same mechanism.

Arowana Price in USD Today, Live Market & Historical Trend Chart

Q: How should ARW's supply and allocation be understood?

ARW has a total supply of 500 million tokens. The tokenomics page lists allocation and vesting arrangements: allocations describe the purposes or participants for which tokens are allocated, while vesting determines when portions of allocations become available or usable under the rules. Total supply is not the same as the amount tradable at any given time.

Q: Can ARW be minted further?

The audit materials list ARW as an ERC-20 token with a total supply of 500 million tokens and 18 decimal places, and state that the contract cannot mint additional tokens. This means new ARW cannot be minted beyond the predetermined total supply; the amount actually tradable remains affected by existing allocations, vesting, and holder behavior.

Q: How do ARW holders participate in governance?

ARW holders can participate in voting on Arowana proposals. Voting expresses a choice on an existing proposal, while submitting a proposal has separate staking eligibility requirements; therefore, holding ARW does not automatically provide eligibility for every governance action.

Q: What are the requirements for submitting a proposal?

Submitting an Arowana governance proposal requires staking the amount of ARW required by the project's rules. This requirement distinguishes voting from initiating a proposal: the former participates in an existing decision, while the latter requires first meeting the staking threshold.

Q: Can I receive ARW rewards for participating in governance?

The governance documentation states that users can receive ARW rewards for voting and submitting proposals. Rewards are related to completing the corresponding governance participation, rather than being generated automatically merely by holding ARW; actual eligibility depends on the governance rules applicable at the time.

Q: What is the relationship between ARW and Arowana platform services?

Arowana's core services are built around AGT and ARW, and list functions including exchange, minting and redemption, and financial services. ARW is a governance and utility token, while AGT is the physical-gold-backed digital asset described by the project; before using a function, confirm the asset being operated and the applicable rules.

Rank 1369

$0.009014

-$0.000006(-0.07%)

Market Cap

$4.50M

24h High

$0.009058

24h Low

$0.009000

24h Turnover

$9.34K

Total Supply

500.00M

Market Sentiment

Neutral

Price of Arowana (ARW) Today in USD

View Arowana (ARW) Price Prediction

The live price of Arowana (ARW) today is $0.009014, with a 24h change of -0.07%. Over the same period, the low was $0.009000, the high was $0.009058, and the 24h trading volume was $9.34K. The current market cap is approximately $4.50M. It ranks #1369 by market cap and accounts for 0.00% of the total crypto market cap. The all-time high was $0.450000 (⁦2026-02-11⁩); the current price is -98.00% from the all-time high.

Arowana (ARW) Price History

7 Days
+0.15%
Low
$0.009000
High
$0.012701
30 Days
+0.15%
Low
$0.009000
High
$0.012701
90 Days
-78.93%
Low
$0.008201
High
$0.055010
1 Year
-77.97%
Low
$0.008201
High
$0.450000

Fear & Greed Index

0 Extreme Fear100 Extreme Greed

Yesterday: 29; Fear
Last Week: 50; Normal
Last Month: 57; Normal

The Fear & Greed Index is currently 28/100, in the Fear zone; change from yesterday: -1, from last week: -22, and from last month: -29. Lower values indicate more fearful sentiment, while higher values indicate more greedy sentiment. This does not represent price change.

Why Did Arowana (ARW) Fall in the Last 24 Hours?

At 10:00 UTC on 2026-11-12, the candlestick volume was only 45,051 units, indicating limited trading activity at that time. The top-five bid depth totaled about 2.85 million units versus roughly 47,000 units on the ask side, but the largest bid sat about 1.6% below the market price, suggesting potential support rather than active upward pressure; a nearby large ask could act as resistance. Technical signals were mixed: the 15-minute MACD showed a golden cross, the 4-hour moving average was bearish, and the daily moving average was bullish, while RSI was neutral across timeframes. The order book and indicators thus show signs of a short-term rebound alongside disagreement across timeframes; they describe market structure but do not by themselves establish that a particular event caused the decline.

About Arowana (ARW)

The Arowana Protocol unlocks dormant gold liquidity and breaks down the barriers of traditional finance to accelerate capital flow. Starting with gold (AGT), it expands tokenization to real estate, bonds, and commodities, enabling transparent and efficient asset management through on-chain infrastructure.

Use Cases and Features

ARW is the governance and utility token of Arowana. The platform also includes AGT, a digital asset backed by physical gold; ARW is not AGT, and eligible stakers can submit proposals.

Supply and Issuance Mechanism

ARW has a total supply of 500 million tokens and is deployed on Arbitrum. Its contract supports burning and cannot mint additional tokens; allocations are released in stages under vesting arrangements.

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Arowana (ARW) Basics & Market Insights

Market Analysis

RWA Enters the Layer 2 Race: Arbitrum Surpasses $900 Million in TVL—How Is Arowana (ARW) Positioning Itself as the On-Chain Gold Standard?This article compares the strengths and weaknesses of networks like Ethereum and Base, and explores how Arowana (ARW) leverages Arbitrum’s ecosystem advantages to build robust on-chain gold infrastructure.2026-08-13

Arowana (ARW) Soars 65% in 7 Days, Market Cap Nears $30 Million: How Far Can the RWA Trend Go?Arowana (ARW) has surged 65.52% over the past seven days, driven by capital rotation within the RWA sector and the inherent flexibility of small-cap tokens. This article evaluates the sustainability of this rally from three perspectives: market structure, liquidity depth, and industry momentum, while highlighting the risks associated with high volatility.2026-08-13

ARW Price and Trading Analysis: In-Depth Review of ARW/USDT Investment Value and Gate Trading AdvantagesWhen analyzing ARW’s market data, an interesting detail emerges: although its all-time high is significantly higher than its current price, the price has nearly doubled over the past seven days, and its all-time low occurred less than two years ago.2026-04-01

Frequently Asked Questions About Arowana (ARW)

What is ARW?

How should ARW's supply and allocation be understood?

Can ARW be minted further?

Can ARW be burned?

How do ARW holders participate in governance?

What are the requirements for submitting a proposal?

Can I receive ARW rewards for participating in governance?

What is the relationship between ARW and Arowana platform services?

Risk Disclosure

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